#1
Posted: 2/16/13 at 8:59am
From INvestor's Business Daily:
"President Obama's defense of his economic stewardship has effectively amounted to this: At least we no longer have the Bush-era economy. With an entire 4-year term in the books, it's now possible to confirm, and to lament, the essential truth of those words.
Prior to Obama, the second term of President Bush featured the weakest gains in the gross domestic product in some time, with average annual real (inflation-adjusted) GDP growth of just 1.9%. That's according to figures from the federal government's own Bureau of Economic Analysis (BEA).
Obama's first term, however, puts the paltry level of growth during Bush's second term in a newly favorable light. According to the BEA, average annual real GDP growth during Obama's first term was a woeful 0.8%."
I love how folks on the left won't give Bush credit for the economy of his first and second terms, but they will put 100% of the blame on him for Obama's first term! You could DOUBLE the GDP growth of Obama's first term and it still wouldn't reach the growth of Bush's first two terms.
Obama's Economic Growth Worst in 60 years!
"President Obama's defense of his economic stewardship has effectively amounted to this: At least we no longer have the Bush-era economy. With an entire 4-year term in the books, it's now possible to confirm, and to lament, the essential truth of those words.
Prior to Obama, the second term of President Bush featured the weakest gains in the gross domestic product in some time, with average annual real (inflation-adjusted) GDP growth of just 1.9%. That's according to figures from the federal government's own Bureau of Economic Analysis (BEA).
Obama's first term, however, puts the paltry level of growth during Bush's second term in a newly favorable light. According to the BEA, average annual real GDP growth during Obama's first term was a woeful 0.8%."
I love how folks on the left won't give Bush credit for the economy of his first and second terms, but they will put 100% of the blame on him for Obama's first term! You could DOUBLE the GDP growth of Obama's first term and it still wouldn't reach the growth of Bush's first two terms.
Obama's Economic Growth Worst in 60 years!
Updated On: 2/16/13 at 08:59 AM
